Today in crypto, competition in the Bitcoin mining industry is intensifying, with smaller miners gaining ground on their larger rivals in realized hashrate. Meanwhile, Ferrari is deepening its crypto push with a new digital token for its top clients and Rumble has teamed up with Tether to add Bitcoin tips for content creators.
Smaller Bitcoin miners gain ground on larger rivals
The Bitcoin mining industry is experiencing rising competition following the 2024 halving, with mid-tier miners narrowing the gap in realized hashrate as challenging post-halving economics persist.
Recent data from The Miner Mag shows that public miners such as HIVE Digital, Bitdeer and Cipher Mining have expanded their realized hashrates after years of infrastructure investment. These companies are now catching up to the largest players, including MARA Holdings, CleanSpark and Cango.
Publicly listed Bitcoin miners now account for nearly one-third of Bitcoin’s total network hashrate, The Miner Mag said.
The sector’s growth is partly driven by a sharp increase in borrowing to finance new infrastructure investments. As Cointelegraph reported, total debt across the Bitcoin mining industry has surged to $12.7 billion, up from $2.1 billion just 12 months ago.
Ferrari to launch digital token to let fans bid on its Le Mans-winning race car
Ferrari is entering the cryptocurrency world with plans to launch a digital token that will allow its wealthiest fans to bid on one of its most iconic racing cars, the Ferrari 499P, a Le Mans-winning endurance model.
The Italian carmaker will issue the “Token Ferrari 499P” in partnership with fintech firm Conio, aimed exclusively at members of its Hyperclub, a private network of 100 elite clients with a passion for endurance racing, according to a Saturday report by Reuters.
“This is about strengthening the sense of belonging among our most loyal customers,” Enrico Galliera, Ferrari’s chief marketing and commercial officer, reportedly said.
Holders of the token will be able to trade among themselves and participate in exclusive auctions, including one for the 499P. The initiative is set to debut alongside the 2027 World Endurance Championship season.
Rumble to roll out Bitcoin tips for content creators in December
Video-sharing platform Rumble is preparing to roll out Bitcoin tipping for its more than 51 million monthly active users, the company’s CEO Chris Pavlovski announced on Friday.
Rumble has teamed up with stablecoin issuer Tether to enable Bitcoin (BTC) tipping, Pavlovski said onstage at the Plan ₿ Forum in Lugano, Switzerland.
Also onstage was Tether CEO Paolo Ardoino, who expects a full rollout by early to mid-December once small bugs are fixed and the UX is finessed.
A historic first at @LuganoPlanB — @thevivafrei became the first creator tipped through the Rumble Wallet. Freedom meets finance👊 pic.twitter.com/WD0EohedIu
— Rumble 🏴☠️ (@rumblevideo) October 24, 2025
The integration could play a crucial role in pushing Bitcoin payments adoption, given the size of Rumble’s audience and its anti-censorship stance, which resonates with many in the Bitcoin community.
Ardoino said the Bitcoin tips will offer content creators the security they need without fear of being debanked for what they post.
.jpg){kind=link}